Hague and London Oil confirms late stage acquisition talks
AIM-listed Hague and London Oil noted the jump in its share price on Tuesday and confirmed late stage discussions about a potential acquisition.
FTSE AIM All-Share
742.80
17:14 24/09/24
n/a
n/a
Hague and London Oil
12.13p
15:34 08/09/17
0.00%
0.00p
Oil & Gas Producers
8,228.42
17:09 24/09/24
-0.25%
-20.62
The company said the deal being contemplated would constitute a reverse takeover under AIM rules and as such, it has requested a suspension of trading in its shares, pending resolution of the matter.
Hague said a further announcement will be made in due course.
At 1420 BST, the shares were up 21% to 11.94p.